CMA Licences Kirinyaga Slopes Coffee Brokerage Company
The Capital Markets Authority (CMA) has licensed Kirinyaga Slopes Coffee Brokerage Company Limited as a coffee broker, in an effort to deepen coffee sub-sector reforms. The company’s promoter is the [...]
KRA Collects 3.4bn as Over 17, 000 Apply for Tax Amnesty
The Kenya Revenue Authority (KRA) has so far collected KSh3.4 Billion from the ongoing tax amnesty programme. Speaking during a media round table, Caroline Rotich, the Chief Manager Domestic Taxes [...]Kenya Power to Dilute State Control in New Directors Board
Kenya Power has proposed changes to its board of directors that will see the government cede some of its seats to minority shareholders. The state-owned electricity distributor has issued a [...]
Investigators Summon 30 Individuals over Portland Cement Land Fraud
Mavoko Constituency Member of Parliament Makau Patrick, is among thirty individuals summoned by the Directorate of Criminal Investigations to shed more light into the East African Portland Cement Land that [...]Kenya’s Strategy to Redeem KSh 299B Eurobond in June 2024
Kenya’s National Treasury Cabinet Secretary Prof. Njuguna Ndung’u has disclosed an elaborate strategy by the Government to settle the US$ 2 billion (KShs 299 billion) Eurobond that matures in June [...]Parliament Seeks DCI Expertise in Cytonn Investment Saga
Parliament has received proposed amendments to the report by the public petitions committee on the probable loss of investments in the Cytonn High Yields Solutions Platform. MP Samuel Atandi (Alego [...]CBK Accepts Bids Worth KSh 40.9 billion at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 43.2 billion at this week’s treasury bills auction out of KSh 24 billion on offer, an oversubscription of 180.15%, with the state [...]Court Dismisses Petition Challenging Lifting of GMO Ban in Kenya
A Nairobi court has dismissed a petition filed by the Law Society of Kenya (LSK) seeking to quash a decision by the Cabinet to lift ban on Genetically Modified Organisms [...]Absa Bank Raises Mobile Transaction Limits, Following CBK Directive
Absa Bank Kenya PLC has announced an increase on transaction limits on its Timiza wallet, following Central Bank of Kenya (CBK) directive. Early September, CBK issued a statement allowing payment [...]Kenyan Cabinet Approves Policy to Have LPG Infrastructure in New Buildings
The government is on a mission to replace dirty fuels used by majority of Kenyan households in cooking with Liquefied Petroleum Gas (LPG). Cabinet on Monday considered and approved the [...]IMF, AfDB Warn African Countries Against Resource Backed Loans
The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans backed by their natural resources. The [...]President Ruto Approves Privatisation of Loss-Making Government Entities
The Kenyan government has opened up more opportunities for the private sector to participate in the economy through buying of select entities. On Monday, President William Ruto signed into law [...]
